BNZ sees growth in mortgage book
BNZ's June quarter disclosure statement shows its mortgage book, using the same capital adequacy-based measure www.goodreturns.co.nz has used since December 2002, grew by $337 million to $27.07 billion in the three months, slightly faster than the $314 million growth shown in the March quarter.
Another measure of its mortgage book, BNZ's note on loans and advances to customers, showed a similar figure of $334 million growth in the June quarter, up from $311 million in the March quarter.
Its loan-to-valuation ratio (LVR) table, which includes off-balance sheet mortgages such as loans approved but not drawn down, stood at $29.79 billion, up $348 million in the three months.
While Reserve Bank figures on mortgage lending have a poor correlation to the figures disclosed in banks' quarterly disclosure statements, they show mortgage lending by registered banks grew by $878 million to $168.4 billion in the June quarter compared with $472 million in the March quarter.
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